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A SoftBank partner described WeWork a 'very, very good' business - Business Insider

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A SoftBank partner described WeWork a 'very, very good' business

This story requires our BI Prime membership. To read the full article,SoftBank Investment Advisers managing partner Deep Nishar defended the firm's investment in office-sharing company WeWork, describing the core idea as "very, very good" at the DLD conference in Munich.

SoftBank is the biggest shareholder in WeWork, having stumped up around $13 billion for the company to date. SoftBank Investment Advisers manages the $100 billion Vision Fund, and the company is one of the biggest shareholders in WeWork. "You're going to get the bad news first, that's what happens. The companies that are not doing well, you're going to get [that] news sooner, and the companies that are doing really well, you'll hear about them later," Nishar said.

 

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